List some benefits of global interdependence.
One important benefit of global interdependence, especially in an economic sense, is that it reduces the threat of war between nations. After the terrible destruction of the two world wars, the European Coal and Steel Community was established in 1952 to reduce the chances of another conflict between France and Germany. Today, this organization is much larger and it is known as the European Union.
Global interdependence is also useful to achieve great tasks, such as space exploration. Although the Cold War included intense rivalry between the US and the USSR in space, the two countries have worked well together in recent years in space, and other nations work with them.
In the absence of global interdependence, xenophobia is more likely to occur. In other words, the lack of contact between different nationalities could give rise to racism and intolerance.
There are many other areas in which global interdependence is desirable. The world has gotten smaller, so global interdependence is increasingly imperative.
The greatest benefit of global interdependence is that it promotes harmony between nations, making war much less likely. Any country that depends on a variety of other countries for essential goods has an obvious motive to attempt peaceful reconciliation of any disputes with those countries, rather than risk an economic downturn or even threaten its own survival by military aggression. Since war is the single most wasteful activity in which humans engage, this is of vast benefit to humanity.
A related benefit is that global interdependence motivates international understanding, encouraging people to broaden their horizons and engage with other cultures. This increases friendship and knowledge-sharing across borders.
A third benefit is that the division of labor, which is increased in a situation of global interdependence, can make manufacturing much more efficient through greater specialization. This leads to cheaper, higher-quality goods and means that each nation can concentrate on doing what it does best.
One of the main benefits of global interdependence is that countries can participate in international trade and acquire the goods and services they lack. For instance, many countries rely on the importation of oil and gas since they cannot produce their own.
In addition, global interdependence can improve the living standards of people around the world. For example, if countries import the commodities they need but do not have in abundance, they can meet their economic needs.
Moreover, global interdependence encourages specialization. Countries can specialize in the production and manufacture of specific goods due to the availability of natural resources for these commodities. Specialization leads to the creation of high-quality products. The production of such commodities results in increased demand, which has a positive economic effect on countries that are dependent on each other.
Global interdependence fosters specialization, which helps ensure that products and services are of the highest possible quality. Through specialization, people and businesses are forced to research and improve processes to ensure that they remain competitive.
Countries are forced to depend on each other for crucial products and services. Thus, the situation helps in addressing conflicts that are likely to interfere with the production or distribution of the products and services. In this regard, the nations are forced by interdependence to maintain cordial relations.
Although each nation is entitled to advance its own interests, these interests will be advanced in a context that ensures that the nation’s partners remain agreeable and, to some extent, can benefit from said interests. Thus, global interdependence forces nations to emphasize mutually beneficial activities to ensure collective preservation and progress.
https://ashbrook.org/publications/respub-v8n2-ellis/
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